Royal Caribbean Cruises (NYSE:RCL) PT Raised to $145.00

Royal Caribbean Cruises (NYSE:RCL) had its price target raised by Bank of America from $135.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price target points to a potential upside of 5.88% from the stock’s current price.

A number of other analysts have also commented on the company. UBS Group lifted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Mizuho raised their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Macquarie increased their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.71.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded down $0.57 during trading on Thursday, reaching $136.95. The company had a trading volume of 968,342 shares, compared to its average volume of 2,782,021. Royal Caribbean Cruises has a 52 week low of $67.05 and a 52 week high of $143.62. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The business’s 50 day moving average price is $131.68 and its 200-day moving average price is $118.76. The stock has a market cap of $35.24 billion, a PE ratio of 17.59, a PEG ratio of 0.46 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. Royal Caribbean Cruises’s revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.23) EPS. Analysts expect that Royal Caribbean Cruises will post 11.1 earnings per share for the current year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors and hedge funds have recently modified their holdings of the company. BKM Wealth Management LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Creekmur Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $33,000. Finally, Hanseatic Management Services Inc. bought a new position in Royal Caribbean Cruises during the third quarter worth about $36,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.